EUR/JPY Weekly Chart Analysis
EUR/JPY is holding strong above a rising trendline that’s acted as support since 2022. The pair recently bounced from a key support zone and is now testing a major resistance area.
A breakout above this zone could trigger a bullish continuation, while rejection may lead to another pullback toward the trendline.
Key Levels:
Support: 153.5–155.0
Resistance: 163.5–165.0
Watch for: Weekly close above resistance for bullish confirmation.
Structure remains bullish as long as the trendline holds.
EUR/JPY is holding strong above a rising trendline that’s acted as support since 2022. The pair recently bounced from a key support zone and is now testing a major resistance area.
A breakout above this zone could trigger a bullish continuation, while rejection may lead to another pullback toward the trendline.
Key Levels:
Support: 153.5–155.0
Resistance: 163.5–165.0
Watch for: Weekly close above resistance for bullish confirmation.
Structure remains bullish as long as the trendline holds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.